Melbourne-based fintech startup Airwallex has raised US$80 million ($109 million) in a Series B funding round, the second largest for an Australian startup to date.
Just a few weeks on from Blackbird Ventures leading a $10 million Series A round for Sydney-founded drone mapping startup Propeller Aero, AirTree Ventures has backed US competitor DroneDeploy’s US$25 million ($34 million) Series C round. The round, which brings the total raised by the startup to date to more than $56 million ($76 million),… Read more »
Melbourne fintech company Credit Clear, which automates the process of requesting payments from customers, has raised $8.5 million in funding from investors including Regal Funds Management.
Melbourne-headquartered video production marketplace Genero has raised $4 million in a funding round led by existing backer Ellerston Capital to pursue growth in the United States.
One of Jason Calacanis’s personal theories is that a great founder can come from anywhere, he said, and the founders he met in Australia surpassed his expectations. One note, though: think bigger.
The University of Sydney has received $1.5 million in funding from the NSW Government’s Boosting Business Innovation Program to run two online courses to help businesses with digital transformation.
The Bega Valley Shire is the latest regional centre to get an innovation hub, receiving funding from the Federal Government’s Incubator Support Program.
Australian edutech startup OpenLearning has raised $8.5 million in a Series A round led by Malaysian companies Prestariang Berhad and Paramount Corporation Berhad, with participation from a handful of local investors.
Despite receiving less funding than male-founded ventures, women-owned companies are generating more revenue, a study has found.
Melbourne-founded AmazingCo, a startup whose platform allows users to plan special events and outings online, has raised $2.3 million in a funding round led by Rampersand VC.
Automotive giant Daimler has led a US$175 million ($231 million) funding round for Estonian rideshare startup Taxify, bringing the company’s valuation to US$1 billion.
Recruitment platform Vervoe has raised US$3.5 million ($4.64 million) in a funding round led by Seek, which kicked in US$2 million, with participation from investors including former Etsy and Squarespace COO Jesse Hertzberg and Ruslan Kogan.
Townsville-founded startup SafetyCulture has raised $60 million in a Series C round led by New York firm Tiger Global Management, with participation from existing investors including Blackbird Ventures, Index Ventures, and Atlassian cofounder Scott Farquhar. With the startup last having raised a $30 million Series B in October 2016, the fresh funding brings the total… Read more »
Fintech startup Athena has raised a $15 million Series A round, with funding coming from Macquarie Bank, Square Peg Capital, Apex Capital, and Rice Warner.
Bookwell, a booking platform for beauty and wellness services, has raised $1.25 million in a funding round led by Catch Group’s Gabby and Hezi Leibovich.
Daily startup news and insights, delivered to your inbox.
